Ethereum Intraday: the downside prevails as long as 3339 is resistance
Ethereum (ETH/USD)
+11.79+0.36%
the downside prevails as long as 3339 is resistance.
Our pivot point stands at 3339.
Our preference: the downside prevails as long as 3339 is resistance.
Alternative scenario: the upside breakout of 3339, would call for 3400 and 3436.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3302 and 3321).
Supports and resistances:
3436 **
3400 *
3339 **
3315
3290 last
3214
3178 **
3141 *
3105 **
Our preference: the downside prevails as long as 3339 is resistance.
Alternative scenario: the upside breakout of 3339, would call for 3400 and 3436.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3302 and 3321).
Supports and resistances:
3436 **
3400 *
3339 **
3315
3290 last
3214
3178 **
3141 *
3105 **
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